News Releases

[7] Hershman Calls for More Fiscal Oversight of Enacted Regulations

STATEHOUSE (Jan. 30, 2012) – State Sen. Brandt Hershman (R-Buck Creek) is working to provide more fiscal oversight of governmental regulations enacted in the state.

If passed into law, Hershman’s Senate Bill 311 would task the Office of Management and Budget with providing Indiana’s governor and the Administrative Rules Oversight Committee fiscal impact statements on governmental rules three years after they have been implemented by state agencies.

“This proposal will provide policymakers an opportunity to review the effectiveness of implemented rules and examine the unforeseen consequences that may have resulted from enacted regulations,” Hershman said. “Lawmakers can then use this information to improve the efficiency of programs, cut waste and save taxpayer dollars.”

Senate members acted today to send Hershman’s bill to a final vote in the Senate. If approved, the bill will move to the House of Representatives for further consideration.